TDS rule

Dissecting the CBDT Circular, Section 194R: TDS on benefits and perquisites

Our speakers shared insights on the recent announcement of the new TDS rule.

Related topics Tax

Our speakers also discussed the following aspects:

  • Provisions of section 194R introduced by the Finance Act, 2022
  • Implications of the CDBT Circular No. 12/ 2022 dated 16 June 2022 including:
    • Dealer conferences/trips
    • Free medical samples
    • Discounts, rebates, cash benefits
    • Benefits to directors/employees
    • Valuation of benefits and perquisites
    • Compliance – non-cash perquisites
  • Implementation and operational challenges likely to be faced by the industry

Speakers

  • Sameer Gupta – Tax Markets Leader, EY India
  • Hitesh Sharma – Partner, International Tax and Transaction Services and Tax Life Sciences Leader, EY India 
  • Amresh Choudhary – Group Tax Head, Alembic Pharmaceuticals Ltd 
  • Vikas Aggarwal – Direct Tax Head, Novartis 
  • Ravikant Kamath – Associate Tax Partner, Knowledge and Solutions, EY India

Moderator

  • Rajan Vora – Tax Controversy Leader, Indian member firm of EY Global
 

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